This is a fucking spectacular disaster for the global consumer.
Anyone have the balls to go long [[DEE]]?
So much for you retarded oil bears.
NOTE: 200% upside crude ETF, [[DYY]], is ripping.
NOTE II: The [[FTK]] squeeze is coming and ongoing.
NOTE: III: Get long gold, via [[AUY]].
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What are you talking about. Amazon’s site is down from too much traffic. People are buying shit like crazy.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bEAE33F56-D37A-4046-B182-70734EAEC469%7d&siteid=yhoof2
Fly, is there a reason why you like AUY over the miner index GDX?
I’m Tapped out.
I spent 4 rebate checks and only received one.
Alias BPOE
Take a look at Dug. It looks like the scam fuckers are going to move Dug on Monday. This is one reason the tape is fucked up to me.
Well yeah, Game, my sales on Amazon are always good when the economy is bad. People look for deals online to deal with budget issues, or look for cheap entertainment (books and movies instead of a trip). But I can’t sell anything if the site is down. It’s site stability, or lack of stability, that is concerning me today.
FXP is chopping balls. Moved my stop to 74. Also looking to short DBO here. I don’t believe this oil move can possibly be sustained unless my FXP is set to go to 200.
Israel is pretty bold to talk about an air strike on Iran.
Turns out, Israel is long front month crude.
The market is nervous because, with US troops next door, George Bush is a big enough idiot to press the button and start yet another war that he can’t finish.
Talk about pissing on the carpet…right before the american people foreclose on the white house.
Back to back trend days, but completely opposite. I am always amazed at this. No pullbacks yest and no rallies whatsoever today. Makes me wonder if any humans are trading at all.If crude is down on monday you just know the mkts will be up all day.
Just back in from drillin in the yd – plan to cap it and wait for higher prices – I’m callin the shot now – the PPT will spring into action this wkend and at 8:25 am on Monday – the strategic reserve will be opened in an attempt to knee cap the shorts – so I’m not selling my mineral rights until I see a super spike – Might be sleeping in on Monday – probably pedaling everywhere this wkend LOL
LOL crude markets close and equities start moonshotting.
Jake –
Get a life
Nothing wrong with commies.
Get off that 1950’s shit
Commies, ironically, are more capitalistic than the capitalists.
All useful idiots.
Senator McCarthy is that you ?
Shalom Golda Meir.
Get ready for the 3:30 Charlie G. Friday afternoon rally.
Fly,
What the fuck do you know about the 1950’s?
_________
“Golda Meir,” I mean, Bruce: Why not use Karl Marx if you’re going to imitate greats of the historical past?
CAP wouldn’t know Senator McCarthy from Jenny. Keep reading People Magazine, Capster.
Asshole:
I own a time machine.
I regularly hang out in the 1950’s, just to fuck with my relatives.
Charlie:
Doom and Gloom for financials. Go get’ em Charlie.
Dickhead:
Then stop by Soviet Russia, and sit in on a couple of transmissions from the Venona Files.
Then tell me about “that fifties shit.”
___
Hey jake,
What about a combination of socialism and capitalism….like the Norwegians, Danes and the Swedes…they seem to be doing fine.
I don’t want to scavenge for potatoes you know!
luv those nordic ladies!
I’m all for thermal nukular war, in all parts of the globe—by the way.
Jake,
Surely you must be able to tell the difference between Jenny and the Senator. (Jenny is the cute one with the nice tits.)
If we close down 500, drinks are on me .
(Five commies “registering” their disquietude about my negging their Marxist dreams. And these people trade stocks? Are they informed, one wonders, about their Messiah’s interest in more than doubling the capital gains tax rates?)
sure jake, if you don’t like a post, blame the jew
cap-
i’ll have a black and tan, please
doubling the cap. gains will implode all income stocks.
don’t blame the jews…blame the neo-conservative who talks to God about war and wealth gaps.
Question:
Why wouldn’t the high fuel cost cripple trash companies that are locked into removal contracts. AW hit new high yesterday? Only gave back a little today. Doesn’t make sense.
anyone taking a spec long for Monday?
Granpa,
It’s the Mafia, they have a lock on everything! Who do you think is buying .015 cent/gallon gasoline from Iraq?
I would just like to say how much I hate QID… Last time we were at these levels, it was in the 40s.
Not much for a Hedge
The only thing Israel will be attacking for the moment is the borscht and matzoh ball soup at the King David Hotel. But if Iran touches the Kishke factory it’s bombs away.
GW — that’s a valid point. The Marxists like to trot out the homogenous, and very small populations of the Nordic countries as perfect “third way” for the socialist/capitalist blend.
Problem is, it’s not all roses in these bergs. First off, they are completely reliant upon the U.S. for their national defense. They’re in effect, free riders, in the true economic sense.
This has afforded the Western European nations much more room in which to transform into “full fat” Fabian socialist states. Problem is, even that amount of running room is coming to an end, thanks to the hard physics of demographics.
You see, when you ramp up the welfare benefits of a state, you make it much more expensive to have children, and really to do almost anything else. The problem then becomes one of a reverse pyramid, where much more economic burden is placed on a young work force, that finally says “fuck you, oldsters” and rebels against the loss of standard of living (which they’ve ALWAYS been lower than ours).
The only solution, and this is coming to a head as well, is massive immigration, which brings about its own cultural problems — the first being the loss of homogenuity of these sainted Nordic states, which then leads to a greater number of people not “buying in” to the socialist dream, and the western decadence that comes with it.
Europe, as always, will be our test lab and our warning.
_____
Brucie,
I have no idea what your religion is. I do know, however, your politics.
Euroabia is screwed.
Jake
Sounds like most of Europe your describing.
The haha shit is driving me nuts…here it goes again
don’t blame the jews…blame the neo-conservative who talks to God about war and wealth gaps.
Again, someone talking out of his ass. The “Neo-Conservatives” are Jews, for the most part.
This is of course, why “neo-conservative” has become such a favorite catch phrase for the dimwit Left. For them, it encompasses everything from Born Agains to conservative Jews. Make no mistake, the Left has NEVER abandoned it’s love affair with anti-semitism.
GW — sorry about the haha. I’ll see if I can get rid of it.
I had no idea it was a “repeater.”
calvino sell two eur again and buy two hundred jpy
Fuck, sorry, too late. The edit is gone.
I’ll email Jeremy.
Apologies, all around.
______________________
HOLY FUCK LOOK AT THE $VIX
thats more like it
fuckers better be fearful
no buying into the close. 400 down on djia?
Jake, that may be true about some neo-con. …but they have influenced the populist right to rise up over the last 10 years…
So now all the righters, religious, and conservatives have moved into this direction of insanity.
The republicans must seperate themselves from this elite if they want any kind of respect.
I have achieved greatness! I have just acquired 3 oil wells in southwest Oklahoma. Yes I am serious. They are pumping around 50 barrels per month per rig. Capex is subsidized and delivery is bi weekly. Allah willing oil to 1000. And once again no, I am not joking.
Wow, I’m glad I was long gold, had some CLR calls and some VLO puts to go with my foolish USO puts. Fucking blew out of them.
Time to abandon ship, maybe by the end of the year when oil is fucking $500 I’ll change my mind
At least this puts an end to “speculation and market pyschology has no role in the price of oil.”
now it’s got some crazy momentum. Energy stocks should continue to remain easy Pickins (no pun intended Boone).
How the fuck is energy and DUG up today?
WTF was that laugh as I clicked on the site?
Somebody is having some fun, LOL.
Also, if oil goes to $500 will the Dow go to zero?
These are some fucked up times.
I’m taking my oil profits and betting it all against big brown tomorrow with the OTB degerates.
Is there any difference between the OTB degenerates and Merrill? I think not.
Jog on bitches.
Wasn’t Duc bullish on the banks when SKF was at 92? Especially LEH.
I believe so.
It is obvious, as well as apparent, he has ZERO experience in trading a bear market.
Am I right Duc?
Thought so.
Jakey, anti-semitism is a joke of a word invented by the Czarist Interior Ministry to classify the universally and colloquially know zhid, or yid. An inside gag of sorts, you could get a laugh as soon as another commissar said the word. The lefts hobgoblin has been the simple and much more precise , ‘jew hater.’
GW — all due respect, but I don’t think you even know the first thing about what you’re talking about. “The NeoCons” is a bogeyman. Aside from Bill Kristol and his Dad, there are not many of them extant anymore. Most of the ones involved with the Bush Administration were gone by 2004. Wolfowitz, for example.
The Republicans are “elites” in only that many of the people who make things and employ people tend to believe in their “less government” approach to civics. They may be elite in ability and perhaps standards, but they don’t hold themselves as “elite” over their fellow citizen.
Those who would fashion themselves the true “elites” are the intellectuals, academics, bureaucrats, “community organizers,” union bosses and demagogues who consider themselves the true “Rulers” of other men through Bigg(er) Gov’t. That my friend, is your friendly neighborhood Socialist Democrat Party. Serfdom, all over again.
And I take your previous point — too many in the GOP have fallen into the allure of that latter group. They too believe in the ethos of “the Ruler.”
There go the 400! Now get the hell of my blog Martay. When you were waxing philosophic on Sunday, the Calvino told the cows to prepare for the abattoir. Meet Edward Butcherhands cows.
at least you listened to me to sell vse, though a week late.
Fly —
It’s true, stocks that have fallen down the stairs and broken both legs with bone showing NEVER show a contracyclical day when the rest of the market it melting down.
I’ve NEVER seen it!
(/sarcasm)
How come the markets didn’t care when Israel took out the Syrian nuke facilities? The toothless corrupt UN didn’t even know it was in Syria. When Israel takes out the Iranian nuke facilities the Saudis,Kuwaitis, etc. will be silently cheering just like they were happy about the Syrian nuke facilities being bombed. F the UN.
Holy shit, Skiffles at $122. I’m so pleased I can’t even maintain a standard level of annoyance at Ducati.
Holy shit, there is a hard core commie on board today. He even negged TC’s anti-UN screed?
(Amended by moi, btw)
I have been telling you fuckers for some time now not to get in front of the bull run on crude.
It’s called a compound fracture, Jakey.
Hoots, I haven’t forgotten you. You still short oil you retard you.
Jake ,
I may have to concede on this one…I’m just saying the ideology is alive as ever in the world today. With much beer in me this is not something I can continue.
For the first time you win…
I’m off to enjoy what sun is left for the weekend.
Now this Bloomberg title made me laugh… JP Morgan says we don’t know how to read.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDlaPbZCxQ2w&refer=home
Limit Up
For an interesting discussion on Sweden, go here.
Short FED from higher levels. It doesn’t matter what your speeadsheets say. The price is all that matters.
MVIS: I sold it all, north of $4. So what?
I’m out.
Hi Crude,
Thanks for your thoughts on crude, but do you see a blow off back to the 120 level when we hit 150?
Thanks
Zippy
Q4, I had the other side of your Lakers bet.
Just wanted to say THANKS!!!
Dr. Calvin:
C’mon now, you of all people should know… if you want to score an image in a man’s mind, you never use banal terms like “compound fracture.”
You say, “legs all busted up with bloody saw-toothed bone showing through.”
Dogwood,
Nice piece, I always liked Reason Mag. Grazie.
I am long DUG and I went longer today at 26.20. I enjoyed DUG’s close.
This is a bullshit short squeeze on actual oil
bears, and it will disappear like a June frost.
The USA does not function at $140 crude.
I look for a Strategic Petroleum release Monday.
By Father’s Day oil should be in the teens.